Homework Answers
Solution
| Average unit Cost | $ 8.90 |
Working
| Units | Cost per unit | value | |
| Beginning Balance | $ 0 | ||
| Purchases | |||
| 350 | $ 8.00 | $ 2,800 | |
| 400 | $ 9.00 | $ 3,600 | |
| 250 | $ 10.00 | $ 2,500 | |
| Total | 1000 | $ 8,900 |
.
| Average Cost of Inventory | ||
| Units | (A) | 1000 |
| Total Cost | (B) | $ 8,900 |
| Average Cost | (C=B/A) | $ 8.90 |
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